Pearson: Financial problems can be solved
Published : 02 Nov 2009 18:59:00
Hull's new executive chairman Adam Pearson believes he can solve the club's financial problems and is "desperate" for under-pressure manager Phil Brown to succeed.
Pearson assessed the situation at the troubled Barclays Premier League club as he began a second spell at the KC Stadium on Monday morning. Hull are 18th in the table and have won just three times in their last 33 games in the competition stretching back to last December.
The former Derby executive chairman, who enjoyed a successful spell at Hull from 2001-07 and appointed Brown in December 2006, told the club's website, www.hullcityafc.net: "I'm desperate for Phil to win some games and then all this conjecture can go away. He is definitely the manager of this club and he's got a big game against Stoke. But we need wins, we need results."
Pearson oversaw the club's rise from near bankruptcy to the Championship before the club was bought out by a consortium headed by Paul Duffen.
He subsequently moved to Derby but left Pride Park last week, and Duffen's sudden resignation last Thursday then paved the way for a return to Hull.
Among his immediate tasks will be trimming a wage bill that is reported to have reached £40million. The Tigers were last week warned they could face a deficit of £23million if they are relegated this season
Pearson said: "We've got some issues but nothing that can't be solved with a bit of hard work and team spirit. We'll get them sorted, I'm sure.
"Everything I can see on those accounts looks to me as though it's solvable and I don't think there should be any dramatic panic about our financial situation.
"Obviously things need tweaking and the wage bill needs looking at but it is not something that frightens or alarms me. I just see it as a challenge.
"It is normal for football clubs to have debts and there isn't a great deal of that here. I think it is just that the wage bill needs addressing, the squad size needs addressing and obviously we will work harder on commercial revenue streams as well."